Town Center Retail
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For Sale
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7701 Hwy 311, Sellersburg, IN 47172
The site carries a TC Town Center zoning designation in Sellersburg.
Property Size15,000 SF
Price / SF$0.00
Days on Market3
Property Features for 7701 Hwy 311
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Commercial
Zoning
TC- Town Center
Building Details
Year Built
2026
Listing Agency:
Hoosier Realty
(812) 883-8200
Listed By:
Ward Realty Services
(812) 200-2838
Source:
Wardrealtyservices
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoosier Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property is identified as a strip mall and has a stated year built of 2026. Its zoning designation is TC, Town Center, under Sellersburg’s zoning framework.
The property is in Sellersburg near groceries, restaurants, retailers, professional offices, and service businesses. The surrounding area includes industrial parks near Clark County Airport and warehousing east of I-65. The listing also places the property near Camp Run and American Way and identifies Fireside Restaurant as next to The Plaza Manila Center.
The property is in Sellersburg near groceries, restaurants, retailers, professional offices, and service businesses. The surrounding area includes industrial parks near Clark County Airport and warehousing east of I-65. The listing also places the property near Camp Run and American Way and identifies Fireside Restaurant as next to The Plaza Manila Center.
Key Highlights
- TC Town Center zoning designation
- Year built: 2026
- Near groceries, restaurants, retailers, professional offices, and service businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,062
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,621,240
$3.6M
Cap Rate 7%
$2,586,600
$2.6M
Cap Rate 9%
$2,011,800
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$270.0K $18.00/SF
− Vacancy
−$11.3K −$0.76/SF
EGI
$258.7K $17.24/SF
− OpEx
−$77.6K −$5.17/SF
NOI
$181.1K $12.07/SF
Area
Clark County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,621,240
Cap Rate 7%
$2,586,600
Cap Rate 9%
$2,011,800
Alternative Uses
Best Use
Retail
$2.59M
$2.26M – $3.02M
NOI $181,062 @ 7.0% cap · market cap 1,005,900.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.82M – $5.09M
NOI $305,280 @ 7.0% cap · market cap 1,696,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
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Business Placement
Demographics for 47172, IN
19,821
Population
8,537
Households
2.3
Avg Household Size
39
Median Age
37%
College-Educated
93%
High-School Grad
24.3 sq mi
ZIP Area
816
Density / Sq Mi
$80,525
Median Household Income
$48,560
Median Earnings
$1,152
Median Rent
$249,200
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - The site carries a TC Town Center zoning designation in Sellersburg.
Where is this strip mall located?
The property is located at 7701 Hwy 311 Sellersburg, IN.
What are key features of this property?
This property features: TC Town Center zoning designation; Year built: 2026; Near groceries, restaurants, retailers, professional offices, and service businesses
